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CushWake Handles Retail Trade in Allerton
Cushman & Wakefield has arranged the sale of 2542-2550 Boston Rd., a pair of adjoining retail properties in the Bronx’s Allerton neighborhood. The final closing price was $3.2 million, or approximately $361-per-square-foot.
A team of Jonathan Squires, Eric Roth and Addison Berniker represented the seller, 2550 Boston Post Road Corp, in this transaction. The new ownership has the opportunity to convert the space to additional units, along with adding stories.
“With only 14 retail buildings having been sold in the Bronx year to date, the sale of these two properties demonstrates the growing appetite of the retail market in the borough,” said Squires. “With the massive growth of population occurring in the borough, these properties are poised to benefit from the increasingly strong market.”
The properties are a short walk from the White Plains Allerton Avenue Subway Station, which is serviced by the 2 train.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
